Higher platinum price possible but harmful-Implats

Newswire

JOHANNESBURG, Aug 28 (Reuters) - Platinum could push above this week's 23-year peaks on speculative buying, but such prices harm the precious metal's long-term viability, world number two producer Impala Platinum Holdings Ltd (Implats) said on Thursday. Jewellery buyers were put off by high prices, which reached $712 an ounce on Wednesday and surpassed a previous 23-year high touched in March, as speculators piled into the market. Car makers, who use the metal in auto catalysts to clean ...

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